A USD-denominated bond issued in the US by a non-US entity.
A Yankee Certificate of Deposit (Yankee CD) is a USD-denominated Certificate of Deposit issued in the US by a branch or agency of a non-US bank.
A financial term meaning one billion (1,000,000,000).
Example: This FX trader is buying a yard of U.S. dollars.
The term is derived from the term milliard. In several European languages, 1,000,000,000 is one milliard.
A dividend paid at the end of the trading year.
A local authority bond issued for one year.
A company that made a takeover attempt but is now discussing a merger with the target company instead.
An Exchange-traded Fund (ETF) that invests chiefly in yen-backed assets or holds the currency in interest-bearing accounts that pay the current money market yields in Japan.
YOY is short for Year Over Year.
Year Over Year is a method of evaluating two or more measurement events to compare the results at one time period with those of a comparable time period on an annualized basis.
YTW is short for Yield To Worst.
Yield To Worst is the lowest potential yield that can be received on a bond without the issuer actually defaulting.
Yo-Yo is slang for a market characterized by very high volatility, where prices are bouncing up and down.
It is a reference to the toy yo-yo.